Bexil Corporation Announces Acquisition Parameters

NEW YORK
- Bexil Corporation (AMEX: BXL) announced today its business acquisition parameters:

1)A proven track record with demonstrated
earning power.

2)Sales of between $10 million and $50
million.

3)A seasoned business with solid customer
relations.

4)Good return (at least 15%) on equity,
little or no debt.

5)Solid management must remain. Audited
financials required.

6) Particularly interested in a "spin-off"
from a larger company.

Thomas Winmill, President of Bexil, said "With the $39 million proceeds from the sale
on April 28, 2006 of its operating unit, Bexil will seek to
acquire and/or develop one or more businesses. We are not interested in acquiring
start-ups, turnarounds, or high tech. We will sign a confidentiality agreement
and will protect broker's sell agreements. If the seller quotes a price, we will respond promptly."

Bexil is a holding company. Approximately 25% of Bexil's shares are owned by Winmill
& Co. Incorporated (OTC: WNMLA), which is engaged through subsidiaries in stock
market and gold
investing through its investment management of equity and gold mutual funds, as
well as through proprietary securities trading.

Safe Harbor Note

Certain of the statements and predictions contained herein constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act.
In particular, any statements, projections or estimates that include or
reference the words "believes," "intends,"
"anticipates," "plans," "expects,"
"will," or any similar expression fall within the safe harbor for
forward-looking statements contained in the Reform Act. Forward-looking
statements are not guarantees of future performance and involve risks,
uncertainties, and other factors, including those set forth below, which may
cause our actual results, performance or achievements to be materially
different from any future results, performance, or achievements expressed or
implied by those statements. More information on potential risks and
uncertainties is available in the Company's recent filings with the Securities
and Exchange Commission, including its Form 10-KSB, quarterly Form 10-QSB
reports and Forms 8-K.